The State Mortgage & Investment Bank (SMIB) announces the appointment of Joseph Soosaithasan as the bank’s new Chairman.
Commenting on the appointment, Joseph Soosaithasan, the newly appointed Chairman of SMIB, shared:” It is indeed an honour to take the reins as Chairman of this prestigious institution. I look forward to uplifting the portfolio and volume so that we are on par with our immediate competitors. I also hope to take our bank to the next level by harnessing the power of specialisation in the vital sectors of Agri, Livestock, and Fisheries and to embrace technological advancement as a catalyst for growth, and to identify and implement systematic changes. It is a privilege to be the Chairman of this esteemed financial institution, to help lead it in the right direction, and to position ourselves as a major player in the financial sector."
Joseph’s appointment reflects SMIB’s commitment to ensuring stability and progress in delivering exceptional financial services to its valued customers. As a fully government-owned licensed specialised bank with a history spanning over nine decades, SMIB has consistently demonstrated its reliability and trustworthiness in serving the financial needs of individuals and businesses in Sri Lanka.
SMIB General Manager and CEO Thushara Asuramanna commented on the appointment of the new Chairman, and said: "With the appointment of Joseph Soosaithasan as our new Chairman, I believe that the role is crucial in steering the direction of our bank and fostering a culture of collaboration, innovation, and success. I am confident that under his guidance, our bank will thrive and reach new heights and enable the digital transformation of all areas in the bank.”
This appointment comes at a pivotal moment for SMIB as the bank aims to further enhance its branch network and digital capabilities, delivering tailored financial services that align with the evolving requirements of its diverse customer base.
Joseph Soosaithasan is an accomplished professional with over 26 years of experience in the Apparel Manufacturing and Leisure Sectors in Sri Lanka and abroad. As a fellow member of the Chartered Institute of Management Accountants, UK, Joseph has held significant positions, including General Manager at Timex & Fergasam Group and L.M.Collections (Pvt) Ltd, as well as Star Apparels (T) Limited in Tanzania. He also worked as a Management Consultant for esteemed organisations such as KPMG, USAID, and Prime Exponents Inc in the Philippines. Joseph’s extensive expertise in management accounting has been instrumental in providing valuable insights and guidance to companies, enabling them to enhance their financial performance and operational efficiency.